Following today’s Euro Summit on deepening the Economic and Monetary Union (EMU), Simon Lewis, Chief Executive of AFME, said:

“Today’s EU summit has shown that progress on deepening EMU by completing the Banking Union is proving slow and difficult.”

“Only by moving forward with this vital project and building up Europe’s capital markets will real economic progress be made. Without progress, Europe will fail to realise its true growth potential.”

“The case for completing Banking Union and implementing Capital Markets Union is clear. By focusing on building more integrated banking and capital markets in the EU, this will create a financing market, which will, in turn, power EU investment, innovation and growth in the longer term.”

-ENDS-